Recent Price Movement and Market Context
On 24 Feb 2026, KEC International Ltd’s stock price reached Rs.576, its lowest level in the past year. This decline comes despite the broader market’s mixed performance, with the Sensex falling by 494.92 points (-0.88%) to close at 82,557.62. Notably, the Sensex remains 4.36% below its 52-week high of 86,159.02, and is trading below its 50-day moving average, although the 50DMA itself is positioned above the 200DMA, indicating some underlying market resilience.
KEC International’s stock has underperformed significantly compared to the Sensex, delivering a negative return of -22.10% over the last 12 months, while the Sensex posted a positive 10.86% gain over the same period. The stock’s 52-week high was Rs.947.3, highlighting the extent of the recent decline.
Technical Indicators and Trading Patterns
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a persistent bearish trend. The consecutive five-day fall and the breach of the 52-week low level underscore the downward momentum. Despite a minor positive day change of 0.09% today, the overall trend remains subdued.
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Financial Performance and Profitability Metrics
KEC International has reported positive results for nine consecutive quarters, with quarterly Profit Before Tax excluding other income (PBT LESS OI) at Rs.208.48 crores, reflecting a growth rate of 31.19%. Quarterly Profit After Tax (PAT) stood at Rs.174.31 crores, growing at 34.5%. These figures indicate consistent profit growth despite the stock’s price weakness.
Return on Capital Employed (ROCE) is reported at 14.3%, suggesting efficient utilisation of capital. The company’s Enterprise Value to Capital Employed ratio is 1.9, which is considered attractive relative to peers. Furthermore, the Price/Earnings to Growth (PEG) ratio is 0.4, indicating that the stock is trading at a discount compared to its historical valuations and peer group averages.
Debt and Capital Structure Concerns
One of the key factors influencing the stock’s subdued performance is the company’s leverage position. KEC International has a Debt to EBITDA ratio of 3.54 times, signalling a relatively high debt burden in relation to its earnings before interest, tax, depreciation, and amortisation. This ratio points to a lower capacity to service debt efficiently, which may weigh on investor sentiment and valuation.
Additionally, the company’s average Return on Equity (ROE) stands at 9.61%, reflecting modest profitability generated per unit of shareholders’ funds. This level of ROE is below what might be expected for a company in the construction sector, contributing to the cautious stance reflected in the stock’s Mojo Grade.
Long-Term and Relative Performance
KEC International’s stock has underperformed not only in the last year but also over longer periods. It has lagged behind the BSE500 index across the last three years, one year, and three months. This consistent underperformance relative to broader market benchmarks highlights challenges in sustaining investor confidence despite operational profitability.
Institutional investors hold a significant 37.23% stake in the company, indicating that entities with substantial analytical resources maintain exposure to the stock. This level of institutional holding may provide some stability amid price fluctuations.
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Mojo Score and Rating Update
KEC International currently holds a Mojo Score of 43.0 and a Mojo Grade of Sell, reflecting a downgrade from its previous Hold rating as of 28 Oct 2025. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to other stocks in the coverage universe. These ratings encapsulate the stock’s recent price weakness, leverage concerns, and relative underperformance.
Summary of Key Metrics
To summarise, the stock’s 52-week low of Rs.576 contrasts sharply with its 52-week high of Rs.947.3, underscoring the significant price correction. The company’s debt metrics and modest ROE weigh on valuation, despite steady profit growth and positive quarterly results. The stock’s trading below all major moving averages and its underperformance relative to the Sensex and BSE500 indices further contextualise the current market sentiment.
While the broader construction sector has seen mixed trends, KEC International’s share price movement reflects a combination of valuation concerns and market dynamics specific to the company’s financial profile.
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